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Rio Overtakes Vale to Become 2nd Biggest Miner by Market Value

Oct. 17 (Bloomberg) -- Rio Tinto Group overtook Brazil’s Vale SA to become the world’s second-most valuable mining company for the first time since 2008, according to closing prices of New York-listed shares.

Rio Tinto’s market value is $98.7 billion compared with Vale’s $98.3 billion, according to data compiled by Bloomberg. BHP Billiton Ltd is the biggest.

Link to Company News:{VALE3 BZ <Equity> CN <GO>} Link to Company News:{BHP AU <Equity> CN <GO>} Link to Company News:{RIO LN <Equity> CN <GO>}

To contact the reporter on this story: Juan Pablo Spinetto in Rio de Janeiro at jspinetto@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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